EFTA00637585.pdf

From: Brad Wechsler < > To: 'jeffrey E.' <jeevacation@gmail.com> CC: "'Melanie Spinella (IIMMI )'" <a> Subject: RE: Fw: MARCH 8th meeting Date: Mon, 22 Feb 2016 21:44:58 +0000 Jeffrey, As a follow-up to the note above (and some others) and with the goal of making the March 8th meeting with Leon as constructive as possible, I wanted to do a little advance organization. Some part of the day can be you and Leon alone, as necessary, other parts can be you, me and Leon with various office personnel who I plan to have physically available as well. Alan Halperin will also join us for much of the day. Agenda 1. The genesis of the meeting was to get all the Art Partnership issues discussed and behind us. a. In advance of the meeting, you and Leon will have a structure document, rights and obligations, and administrative issues summary for discussion. We should also discuss Art use agreements where you, Alan and Ada have to get on the same page. 2. We will get to you and Leon the trust and personal consolidated balance sheets in the form developed by you and Rich J, and as updated and adjusted by Joe, for review before the meeting. 3. Paul Weiss' actuarial department is updating the estate $$ flow (aka "fire drill") on LDB/DRB death. This sounds simpler than it is and I want to make certain it is adequately reviewed before discussion. My guess of the timing is that we'll have Ada and Alan walk us through it on March 8th. If we want to re- convene afterwards to discuss/refine we can. The US Trust format was overly complicated which I may want to stream-line as well. 4. We will also address the implications of the BRH agreement on death. a. An open item for Leon is who get's his position on the executive committee. It is set up currently as John Suydam, with Scott Kleinman as his second. 5. To the extent you, Leon and I want to discuss wills, heritage trusts what dollars go to the kids and at what ages, we should probably do that privately...bringing in Alan and Ada as necessary. 6. I would like to wrap up airplane structure as well. 7. One of your key priorities recently has been thinking about and working on the TRA (and estate planning implications). As you know, better than anyone: (i) this is amazingly complex (ii) in my view (and I think yours) nobody in the office truly understands it. To me, this is a perfect example of where the office can/should support you and you should run with it. I'm sure we'll jump around and the following may turn out to be useless, but here's what I'd suggest 9:15am — 10:00am Art Partnership 10:00am — 10:30am Balance Sheet 10:45am — 11:45am Estate $$ Flow 12:00pm - 2:00pm Wills, Heritage, Trusts BRH on death EFTA00637585 Thanks, Brad From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Friday, February 19, 2016 12:14 PM To: Brad Wechsler Subject: Re: Fw: MARCH 8th meeting accounting steps for the partnership. bank acccounts. payments for insurance . sigining authroities. valuations. . purchases of interests , dollars involved. . art list with basis attached.. expenses able to be deducted in future, ie consultants etc. new contracts . shift lauder interests to tenants in common? , On Fri, Feb 19, 2016 at 11:52 AM, Brad Wechsler G > wrote: Jeffrey-a few things: 1. Can I ask you to interact with ada on what specifically you want/need re: "estate plan, will, trusts". Better for there to be direct communication than us speculating. 2. Art pshp: you shld have docs and we will be ready to discuss. 3. Balance sheets for Idb/drb and trusts will not be a problem tho we wld like to start with the summary roll- ups (format initially developed by you and joslin which is cogent and clear) as updated and adjusted by joe. 4. We will try to have "estate flow" document updated from 2014 in time. We are using old UST format (ok, not great) but having PW accountant inputting and running new #'s with new trust structures. We'll do our best to have this complete for your review in advance, but there may be a time squeeze. Thx, brad Sent from my Verizon Wireless BlacicBerry From: Melanie Spinella < Date: Wed, 17 Feb 2016 20:05:17 +0000 To: Brad Wechsler Subject: FW: MARCH 8th meeting Brad- Leon asked me to send this to you. thanks From: Jeffrey E. [mailto:jeevacation@gmail.com Sent: Wednesday, February 17, 2016 2:58 PM To: Melanie Spinella Subject: Re: MARCH 8th meeting to make it useful and constructive an entre list of esate plan will trusts , art partnership. balance sheeets. all trusts , and old fire drill document should be updated and presented before for review On Wed, Feb 17, 2016 at 2:27 PM, Melanie Spinella < wrote: Leon would like to have a meeting with the three of you from 9-2:30 on March 81h in our office regarding the Family Office. thanks Melanie Spinella I Apollo Management OW ew York, New York 10019 Y Lan IC j (Fax) Executive Assistant to Leon D. Black This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. 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If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jea@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00637587